Wave Systems Corp. Acquired by ESW Capital

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Wave marks the ESW Capital group’s 5th enterprise software acquisition in 2016

ESW Capital, LLC. announced today the acquisition of Massachusetts-based Wave Systems Corporation, a developer of enterprise security software solutions.

Wave's approach to data protection starts with the device, or endpoint. It gives organizations—especially in security-sensitive sectors such as healthcare, government, finance, and higher education—unprecedented yet straightforward control over exactly who has access to their data, with what devices, over what networks. It’s the simple, cost-effective solution to an increasingly mobile workforce, ever more sophisticated cyber threats, and a growing set of compliance issues.

Wave joins the ESW Capital group of companies through a Chapter 11 plan of reorganization. ESW will operate Wave under its Versata Enterprises affiliate as a stand-alone entity with a dedicated product and customer support team. Wave will be part of a corporate family of over 40 enterprise software companies acquired over the past seven years. Integration will begin with implementation of ESW's Customer Success program, a proven method for driving successful customer relationships and alignment of product development investments with customer priorities.

"The Wave Systems assets will be complemented by an international team that can deliver superior value to Wave customers through increased resources, world-class engineering, and exceptional support," said Greg Kazmierczak, Chief Technical Officer of Wave. “I am confident that this transition will be a positive one for Wave customers.”

Leela Kaza, a Versata veteran will take on the role of President for Wave. “The technology that Wave has built is incredibly innovative and has proven itself to be highly valuable to their customers," Kaza said. "We are excited and ready to take Wave into the future with enhanced support and a rigorous focus on customer success."

About ESW Capital, LLC
Based in Austin, Texas, the ESW Capital group specifically focuses on buying, transforming, and running mature business software companies. By taking advantage of its unique operating platform, ESW revitalizes its acquisitions for sustainable success while making customer satisfaction a top priority. ESW and its affiliated companies have been in the enterprise software space since 1988, and the group includes notable brands such as Aurea, Trilogy, Versata, Ignite Technologies, and GFI. ESW is an active acquirer of business software companies, including via divestiture and distressed situations. For more information, visit http://www.eswcapital.com or email info(at)eswcapital.com.

About Wave Systems
Wave Systems Corp. reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards. For more information, visit http://www.wavesys.com.

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Teri Smart
Versata
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